Chubb secures regulatory approval to increase Huatai stake to 83.2%
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Chubb secures regulatory approval to increase Huatai stake to 83.2%

Jairo Ibarra
November 18, 2022
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Chubb has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase its stake in Huatai Insurance Group to 83.2% from 47.3%.

The approval comes after CEO Evan Greenberg told analysts during the company’s Q4 2021 earnings call in February that increasing Chubb’s position in Huatai was part of the firm’s strategy to expand its operations in Asia.

“Our

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Jairo Ibarra
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